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No Regulation
Score
1.14 /10
Danger
PROXTREND
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index4.14
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-25
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| PROXTRENDReview Summary | |
| Founded | 2024 |
| Registered Country/Region | Comoros |
| Regulation | Unregulated |
| Market Instruments | Forex and CFDs |
| Demo Account | / |
| Leverage | Up to 1:100 |
| Spread | / |
| Trading Platform | / |
| Min Deposit | / |
| Customer Support | Contact form |
| Email: info@proxtrendltd.com | |
| Address: PB 1257 Bonovo Road, Fomboni, Comoros KM | |
| Regional Restrictions | European Economic Area, the USA, British Columbia, Canada, etc. |
Based in Comoros, PROXTREND is a forex broker that was established in 2024. PROXTREND provides trading in forex and CFDs with leverage up to 1:100. However, PROXTREND operates without regulatory oversight from any reputable financial body.
Pros and Cons
| Pros | Cons |
| Multiple account types | Not regulated |
| No commission fees | Inactivity fee charged |
| No deposit fees | No MT4/5 supported |
| Popular payment options | High minimum deposit |
| Withdrawal fee charged | |
| Limited contact channels | |
| Regional restrictions |
Is PROXTREND Legit?
No, PROXTREND is not regulated by any reputable financial body. Please be aware of the risk!
What Can I Trade on PROXTREND?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Services
PROXTREND provides various investment services including Customer Relationship Management (CRM), Automated Marketing Solutions, Content & Social Media Services, Maximizing Channel Effectiveness & Performance, Email Compaign Coordination & Data Administration and CPQ (Configure, Price, Quote) and Contract Management.
Account Type
PROXTREND offers four accounts to choose from, including Basic, Gold, Platinum and VIP accounts.
Leverage
PROXTREND offers a leverage of up to1:100 for all account types, which is quite high.
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Fees
There are no commission fees charged to the client.
However, if there is no client-initiated activity for 12 months, then the account is classified as dormant.
| Inactivity Period | Monthly Inactivity Fee |
| 0-1 month | ❌ |
| 1-2 months | 150 EUR or equivalent |
| 2-6 months | 200 EUR or equivalent |
| 6-12 months | 625 EUR or equivalent |
| 12+ months | 1,000 EUR or the equivalent amount per month. Re-activate account must contact the Company directly and pay a fee of the amount of 2,000 EUR. |
Deposit and Withdrawal
PROXTREND accepts payments via Debit/Credit Cards, Wire Transfer, and e-Wallets.
There are no deposit fees charged.
However, ROXTREND claims that the Company reserves the right to charge a withdrawal fee at an amount equal to 80 EUR (or the equivalent amount according to the denominated currency of the Clients Trading Account).
| Payment Option | Deposit Fee | Withdrawal Fee |
| Debit/Credit Cards | ❌ | 3.5% |
| Wire Transfer | ❌ | 30 CHF/USD/EUR/GBP |
| e-Wallets | ❌ | 1.5% - 4.5% |
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